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Nuclearelectrica, GE sign $146 mln contract

Trading company Nuclearelectrica SA signed on Tuesday a framework agreement with General Electric (GE) of the U.S. under which GE will provide maintenance and repair services for the turbo-generator and auxiliary equipment of Units 1 and 2 of the Cernavoda nuclear power plant (south-east of Bucharest); the value of the contract stands at a maximum of 146 million U.S. dollars.

'The contract value stands somewhere between a minimum of 90 million U.S. dollars and a maximum of 146 million U.S. dollars, because the amounts required for repairs can vary,' said Nuclearelectrica Director general Pompiliu Budulan.

The contract was signed for an eight-year period.

'This is an important moment for what development means, for ensuring energy security, both in terms of efficiency and safety. This cooperation between the two companies, which dates back to 1981, is a guarantee that Romania's nuclear energy generation is secure,' Minister of Economy, Trade and Business Environment Adriean Videanu declared on Tuesday.

'According to an analysis by Nuclear Engineering, Romania is the world's #1 by the nuclear power generating capacity factor for November and December 2009, which demonstrates the importance of this area,' said Pompiliu Budulan.

The agreement was signed by Nuclearelectrica Director general Pompiliu Budulan and Brian Cothran, GE Energy Regional General Manager Energy Services Eastern Europe, Russia and CIS.

Sursa: http://www.agerpres.ro

Tags: contract nuclearelectrica

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